Post
Topic
Board Trading Discussion
Re: Cryptocurrency, now a fast rising trend!
by
xianbits
on 11/05/2021, 23:12:50 UTC
I remember 2017-2018, when press started talking about cryptocurrencies on every TV. Then I did not understand, that this is a signal for a market reversal. The same thing is happening now. Many friends turn to me who have never heard of cryptocurrencies before. For me, this is a signal, that it is time to enter in fiat.
Then, we have to expect this at any time. Dumps can be happening soon, that we never know either we like it or not, it surely comes surprisingly.
But I'd find a big difference in today's situation compared to the last Bullrun. I could say it was a very short time bullish, but not like what we got this time. We've done for almost half of the year being bullish (correct me if I'm wrong) but until now, I'd never seen any indication of its end. But it can't deny that many people are already praying for this to stop.
I'm also being careful on buying cryptos now. The "turning point" from bullish to bearish could happen anytime. Everything is not permanent. As much as I want the high to go even higher, I am also aware, everyone does, that anything could happen anytime.